Shipping Service Provider Accelerates Growth with 137 Per Cent Jump in Consolidated H2FY25 Net Profit
The stock is down by 67 per cent from its 52-week high of Rs 425 per share and up by 52.6 per cent from its 52-week low of Rs 92.10 per share.
On Thursday, shares of ABS Marine Services Ltd gained 2 per cent to Rs 140.50 per share from their previous closing of Rs 137.75 per share. The stock is down by 67 per cent from its 52-week high of Rs 425 per share and up by 52.6 per cent from its 52-week low of Rs 92.10 per share.
ABS Marine Services Limited, established in 1992 and headquartered in Chennai, is one of the leading maritime companies specialising in Ship Management, Vessel Ownership, Marine, and Port Services. With offices in Mumbai, Kochi, Singapore, and Kakinada, ABS provides comprehensive maritime solutions worldwide, emphasising professionalism, local expertise, and regulatory compliance for efficient operations. With over three decades of experience in third-party technical and crew management, the company focuses strongly on safety and energy conservation both onboard and ashore, driving excellence in the maritime industry.
According to half-yearly results, the net sales increased by 25 per cent to Rs 102.34 crore and the net profit increased by 137 per cent to Rs 18.72 crore in H2FY25 compared to H2FY24. For FY25, the company has reported consolidated total income of Rs 184.31 crore, EBITDA of Rs 54.64 crore and net profit of Rs 27.25 crore on a consolidated basis. The company has a market cap of Rs 345 crore with a PE of 12x, an ROE of 23 per cent and an ROCE of 20 per cent.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
In the second half of FY25, the company achieved several key business milestones. A significant Rs 10.23 Crore, 5-year contract was secured from the Chennai Port Authority for the construction and supply of a high-speed patrol boat under the "Make in India" initiative. In terms of fleet expansion, the company acquired a 2007-built Dynamic Positioning (DP2) Offshore Supply Vessel with a Gross Tonnage of approximately 2443 Tons from the domestic market, and further contracted to acquire two more DP2 Offshore Supply Vessels, both expected to join the fleet in Q1 FY 2025-26 (April–June 2025). A substantial charter agreement worth Rs 197 Crore was signed for the supply of an offshore vessel to be converted into a well stimulation vessel. Additionally, the 2007-built DP2 Offshore Supply Vessel "OCEAN DIAMOND" (2,443 GT) was delivered. Finally, on March 27, 2025, a 184-day charter hire contract valued at Rs 27.97 Crore commenced with Oil & Natural Gas Corporation for a DP2 Platform Supply Vessel.
Disclaimer: The article is for informational purposes only and not investment advice.